The great crop insurance debate

From the Capital Press

Critics say crop insurance subsidizes farmers, but it is the only guarantee of help when disaster strikes.

Several years ago, drought decimated Nicole Berg’s wheat crop.

To break even, her family needed a yield of at least 7 bushels per acre, but a crop insurance assessor estimated Berg’s wheat would yield just 3 bushels per acre. That would bring in less money than it would cost to harvest the crop.

Berg, who is now secretary of the National Association of Wheat Growers, and her family instead received a payment from the crop insurance they bought that year for about 70 percent of their farm’s average production, about 25 bushels per acre, minus the wheat remaining in the field that they decided not to harvest. Read the article here.